Agnico Eagle Mines Ltd (AEM) to Issue $0.14 Quarterly Dividend

Agnico Eagle Mines Ltd (TSE:AEM) (NYSE:AEM) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Investors of record on Thursday, March 1st will be paid a dividend of 0.135 per share on Thursday, March 15th. This represents a $0.54 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, February 28th.

Agnico Eagle Mines (TSE AEM) opened at C$51.19 on Friday. The company has a market cap of $11,910.00, a price-to-earnings ratio of 38.49 and a beta of -1.03. Agnico Eagle Mines has a twelve month low of C$51.11 and a twelve month high of C$68.76.

Several brokerages recently commented on AEM. Canaccord Genuity dropped their target price on shares of Agnico Eagle Mines from C$81.00 to C$77.00 in a report on Friday, February 16th. National Bank Financial downgraded shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$70.00 to C$63.00 in a report on Friday, February 16th. Desjardins reiterated a “buy” rating and issued a C$60.00 target price on shares of Agnico Eagle Mines in a report on Monday, December 11th. Finally, Eight Capital reiterated a “neutral” rating on shares of Agnico Eagle Mines in a report on Thursday, November 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Agnico Eagle Mines currently has a consensus rating of “Hold” and a consensus target price of C$65.43.

In other news, insider Jean Robitaille sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of C$56.48, for a total transaction of C$1,129,600.00. Also, insider Ammar Al-Joundi acquired 2,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were bought at an average price of C$58.09 per share, for a total transaction of C$116,180.00. In the last 90 days, insiders have sold 41,000 shares of company stock worth $2,295,090.

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About Agnico Eagle Mines

Agnico Eagle Mines Ltd is a Canada-based gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut, as well as exploration activities in Canada, Europe, Latin America and the United States. It operates through the business units: Northern Business, which consists of its operations in Canada and Finland, such as the LaRonde mine, the Lapa mine, the Goldex mine, the Meadowbank mine, the Meliadine project and the Malartic Mine in Canada, as well as the Kittila mine in Finland; Southern Business, which consists of its operations in Mexico, such as the Pinos Altos mine that includes the Creston Mascota deposit and the La India mine owned by its indirect subsidiary, as well as Exploration Group, which focuses on the identification of new mineral reserves and mineral resources, and new development opportunities in gold producing regions.

Dividend History for Agnico Eagle Mines (TSE:AEM)

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